Combs Spouts Off

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Archive for May, 2012

Sleazeball escapes justice

Posted by Richard on May 31, 2012

John Edwards, one of the slimiest people ever to grace the national stage, has dodged the long prison sentence he so richly deserved. Edwards amassed a fortune and single-handedly at least doubled the rate of C-sections in the United States by persuading carefully selected gullible jurors that virtually all birth defects are the fault of the delivering physician. In at least one trial, he channeled the voice of a dead fetus to the jury. Like I said, one of the slimiest.

Edwards parlayed a thousand-dollar haircut and a demagogic populist message into a Senate seat in 1998, the Democratic vice presidential nomination (as John Kerry’s running mate) in 2004, and serious presidential campaigns (complete with fawning media coverage) in 2004 and 2008.

Edwards’ recurring campaign theme was a stump speech about “two Americas.” Like some of his fellow Socialist Democrats (*cough* Obama), he was attempting to incite class warfare (and presaging the Occupy Wall Street movement). Like many others pursuing national office (*cough* Obama), he was clearly a narcissist attempting to acquire power via his personality and charisma.

Like many self-absorbed narcissists, he apparently considered himself exempt from the rules that governed ordinary mortals. So, while his wife was dying from cancer, he carried on an affair with Rielle Hunter and fathered her child. Then he used more than a million dollars from big campaign contributors to pay off Hunter and cover up the affair. He insisted the sums weren’t misused campaign contributions but “gifts.” R-i-i-ght.

Apparently, relying only on testimony of equally sleazy staff members like Andrew Young, and with Hunter and Edwards not taking the stand, the jury couldn’t agree whether this pile of crap was credible or not. So they acquitted on one charge and deadlocked on the others.

Too bad. I can’t think of too many people I’d rather see occupying a federal prison cell for the next two or three decades than John Edwards.

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Crippling regulatory uncertainty

Posted by Richard on May 29, 2012

A friend who owns a condo showed me the latest condo community association newsletter the other day. An article in it illustrates in a small way why the economy in general and the housing market in particular aren’t going to get healthy as long as the Obama administration is in office.

Because they often attract first-time buyers with limited funds for down payments, condos are frequently financed with FHA loans. Let’s set aside for the moment the issue of whether the FHA program should exist — or needs to. It’s been in place for many years, guaranteeing loans with low down payments. To offset the increased risk, the government requires buyers to carry mortgage insurance until their equity in the property reaches 20%, and there are stricter rules on what properties qualify for an FHA loan.

Apparently for condos, HUD requires the condominium association to apply for FHA certification of its properties. And the process has become much more onerous under the Obama administration. For one thing, in this area as in so many others, the Obama administration has made regulatory uncertainty a way of life, as the newsletter explains (emphasis in original):

In November 2009, the federal government decided to change EVERYTHING with respect to the process and approval requirements for condominium associations only. Then they changed again in February 2011. And again in June 2011. …

Through June 2011, Westwind Management (our management company) was successful in recertifying all of its qualified condominium clients within HUD standards. Now, condominium associations are required to be recertified every two years. This is a time consuming and costly burden that was not necessary before 2009.

But it’s not just constantly changing regulations and burdensome paperwork. The managing agent has to keep HUD informed continuously of any information changes, possible defects, disputes among owners, etc. There are no doubt scores, and perhaps hundreds, of pages of hard-to-understand regulations detailing what the management agent is obligated to provide. And he or she is personally responsible for failure to comply:

The language is vague and the penalties are untenable. The penalty for a fraudulent package or not reporting changes is up to $1,000,000 in fines and/or a maximum of 30 years in prison.

Would you want that job? Or invest in a condo management company in this regulatory climate?

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Our hero dead

Posted by Richard on May 28, 2012

“Flags In” for Memorial Day, Arlington National Cemetary. Photo from Isaac Wankerl (www.iwankerl.com).
The grave of his father, Maj. Max W. Wankerl, is in the foreground.

Memorial Day

by Edgar A. Guest (1881-1959)

The finest tribute we can pay
Unto our hero dead to-day,
Is not a rose wreath, white and red,
In memory of the blood they shed;
It is to stand beside each mound,
Each couch of consecrated ground,
And pledge ourselves as warriors true
Unto the work they died to do.

Into God’s valleys where they lie
At rest, beneath the open sky,
Triumphant now o’er every foe,
As living tributes let us go.
No wreath of rose or immortelles
Or spoken word or tolling bells
Will do to-day, unless we give
Our pledge that liberty shall live.
Our hearts must be the roses red
We place above our hero dead;
To-day beside their graves we must
Renew allegiance to their trust;
Must bare our heads and humbly say
We hold the Flag as dear as they,
And stand, as once they stood, to die
To keep the Stars and Stripes on high.

The finest tribute we can pay
Unto our hero dead to-day
Is not of speech or roses red,
But living, throbbing hearts instead,
That shall renew the pledge they sealed
With death upon the battlefield:
That freedom’s flag shall bear no stain
And free men wear no tyrant’s chain.

 

Today, please remember those who died “that liberty shall live.” I’m remembering my dad, Col. Samuel R. Combs — who, in the memorable words of Robert Denerstein, “answered his country’s call even before the phone rang.” I miss you, Papa.

If you have friends or relatives — or maybe an elderly neighbor down the street — who are veterans, thank them now. Don’t wait until they have a marker over their head.

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Obama’s “venture capital vampire”

Posted by Richard on May 27, 2012

The Obama campaign continues to hammer Romney for his association with Bain Capital, the private equity firm they portray as a “vampire” that profited from layoffs and plant closures. So Todd Shepherd at Colorado Peak Politics decided to play the ever-popular “sauce for the goose, sauce for the gander” game.

It seems that former Denver mayor Federico Peña, who is again this year (as in 2008) Obama National Campaign Co-chair, is every bit as much a “venture capital vampire” as R0mney. Since 2000, Peña has been a partner in the private equity firm Vestar Capital. Shepherd documented some of the recent Obama campaign contributions of Peña and Vestar managing director James Kelley. Then he highlighted some of Vestar’s layoffs and plant closures at the companies it acquired, like Del Monte Foods and Solo Cup Company.

To his credit, Shepherd pointed out that Vestar Capital isn’t a bunch of “evil corporate raiders.” Neither is Bain Capital. These firms serve a valuable purpose, rescuing ailing companies when they can and redirecting resources to more valued uses when they can’t. Their goal certainly is (and ought to be) to make money. But in the process, they improve the economy and make us all better off.

Inefficient, uncompetitive companies failing and factories shutting down are an essential aspect of economic growth and progress, leading to more wealth and better products, jobs, and living standards for all. If that idea is new or strange to you, read about Joseph Schumpeter’s concept of Creative Destruction.

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NCIS Los Angeles: good show, but this bit sucks

Posted by Richard on May 15, 2012

I like NCIS Los Angeles. It’s not in the same league as the original NCIS, but then what is? NCIS Los Angeles has an interesting cast of characters, is well acted, and usually has a pretty good plot. But one bit near the beginning of the two-hour season finale really pissed me off.

Nell: “… Point Blank is an FFL.”
Callan: “Federal Firearms licensed facility.”
Heddy: “Many of which have been responsible for a large amount of illegal guns finding their way into the hands of criminals.”

“Many of which” — yeah, right. That’s a gratuitous bit of false anti-gun propaganda that makes my blood boil.

Especially considering that many of the “many” FFLs that have funneled guns to criminals in the past few years did so — sometimes under duress — at the direction of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) as part of the notorious “Operation Fast and Furious,” which Eric Holder’s Justice Department has done its best to cover up.

Shame on you, NCIS Los Angeles.

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Electoral signs of the times — or something

Posted by Richard on May 9, 2012

I’m not sure what these things mean, but I suspect they mean something.

In the West Virginia Democratic presidential primary, Keith Judd, a convicted felon imprisoned in Texas, got 41% of the vote in his run against President Obama, who got 59%.

In the Indiana Republican senatorial primary, incumbent Sen. Dick Lugar got 39% of the vote against challenger Richard Mourdock, endorsed by Tea Party groups and the Club for Growth, who got 61%.

So a convicted felon in West Virginia managed a better showing against the sitting president than an incumbent senator in Indiana managed against a Tea Party challenger.

Meanwhile in Wisconsin’s run-up to the June 5 gubernatorial recall election, Democratic voters by a wide margin chose Milwaukee mayor Tom Barrett over Kathleen Falk to challenge Gov. Scott Walker, even though Falk had the backing of the labor unions who bankrolled the recall effort and made it possible (and who tried to pressure Barrett, who lost badly to Walker in 2010, into not running).

But here’s what’s interesting: The Democratic primary was hotly contested, while Walker faced no meaningful opposition on the Republican side. Nevertheless, 626,000 Republicans turned out to vote for Walker, despite no compelling reason to do so — almost as many as voted for the four Democratic candidates (665,000). That seems like a good sign for Walker.

Make of all that what you will. Being optimistic by nature, I’m inclined to see these as signs that the American people aren’t ready to emulate France or Greece.

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RINO Lugar given the boot

Posted by Richard on May 8, 2012

The French may have embraced socialism, and the Greeks may have embraced default, but Indiana Republicans have embraced Senate challenger Richard Mourdock, who was endorsed by various Tea Party groups and the Club for Growth. Mourdock crushed incumbent Sen. Dick Lugar (dubbed “Obama’s favorite Republican” by Tea Party critics):

With 98 percent of precincts reporting, Lugar had just under 40 percent of the vote to Mourdock’s just over 60 percent.

Playing out in a conservative state, the race illustrated the electorate’s animosity toward many incumbents and anyone with deep ties to Washington. That was clear when Lugar, who hasn’t faced questions about his residency in decades, found himself on the defensive over whether he lived in Indiana or northern Virginia. Lugar also was cast as too moderate for the conservative GOP in Indiana, and he took heat for his work with Democrats on issues such as nuclear nonproliferation, underscoring deep polarization in the country as well as a split in the GOP between the establishment wing and the insurgent tea party.

In a statement, Obama praised his former Senate colleague as someone “who was often willing to reach across the aisle and get things done.”

Yet another sign that the Republican electorate is fed up with the ruling party Republican establishment. And that the Tea Party movement is alive and well.

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Investing QOTD

Posted by Richard on May 7, 2012

My nominee for investing quote of the day is from Brian Hunt:

… When you buy a stock because it is highly rated by Wall Street firms, it’s like buying a used car that is rated highly by the majority of used car salesmen on the lot.

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US to blind Chinese dissident: Don’t let the door hit your ass on the way out

Posted by Richard on May 2, 2012

Apparently, the Obama State Department was so desperate to get Chinese dissident Chen Guangcheng out of the American Embassy in Beijing without further pissing off the Chinese government that they were willing to do or say almost anything. Including, according to Chen, passing along the Chinese government’s death threats against his wife.

The story isn’t playing well. Hillary Clinton’s visit to China looks to be something less than a diplomatic triumph. The Obama administration is about as good at negotiating this kind of public relations minefield as they are at stimulating the economy.

When they can’t get the “newspaper of record” to cover for them, you know they’ve screwed up.

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Is Obama taking credit for Leon Panetta’s courage?

Posted by Richard on May 1, 2012

If the Obama administration were a football team, its quarterback would have been penalized for excessive celebration. There’s that contemptible campaign ad in which Bill Clinton (who passed on numerous opportunities to get bin Laden) praised Obama’s courage and suggested that Romney wouldn’t have acted as decisively — an ad that even ultra-liberal Arianna Huffington declared “despicable.”

The President himself intimated that Romney would have failed to act (as Clinton repeatedly did). Charles Krauthammer and Brit Hume joined Huffington in disapproving, describing his remarks with the words “unseemly” and “Yuck.”

And then there was today’s victory lap around Afghanistan. Don’t get me wrong, I’m all for the President, whoever he is, visiting our troops and thanking them. But the timing — well, I’d say it’s unseemly, and yuck.

Michael Mukasey emphasized how unpresidential all this self-congratulation is (“It’s hard to imagine Lincoln or Eisenhower claiming such credit for the heroic actions of others”). He also pointed out that, according to a recently released memo, the President apparently approved the raid on condition of a “responsibility-escape clause” that basically said “It’s Admiral McRaven’s plan, so if it all goes south, he’s to blame.”

I agree that even if the President acted resolutely and decisively, this PR campaign is indeed unseemly and despicable. But I’d like to point out that that’s a big “if,” and I wish someone would remember the information I posted about on May 5, 2011, just days after the successful raid. Numerous sources at the time said bin Laden’s location had been known for some time, but the President had delayed making a decision. One anonymous White House source went further, providing a detailed (and believable) account of how the decision was finally made and who made it:

According to the source, Panetta, Hillary Clinton, Robert Gates, David Petraeus, and others had been pushing for weeks, maybe months, for an attack on the Abottabad compound. Valerie Jarrett was adamantly opposed. And the President couldn’t make up his mind. More than once, Obama seemed ready to agree and then, after Jarrett intervened, backed away.

With Clinton and Chief of Staff Bill Daley pledging their full support, Panetta went ahead with planning and preparation for the mission, and eventually gave the order for the SEALs to go in. The President was only informed (and rushed back to the White House) after the operation had begun.

So, is the President’s re-election campaign going to be centered around his taking credit for the courage of Leon Panetta?

Well, it can’t be centered around his domestic policy successes. He’s got nothing.

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Blogger threatened for writing about nutrition

Posted by Richard on May 1, 2012

After being hospitalized with diabetes,  Steve Cooksey adopted a low-carb, high-protein diet. Within 30 days his diabetes was under control without drugs, and in three months he lost 45 pounds. He decided to start blogging about his success. When the North Carolina Board of Dietetics and Nutrition (NCBDN) discovered what he was doing, they informed him that he was breaking the law by “providing nutritional counseling” without a license. His blog could be shut down and he could face fines and jail time.

What kind of “nutritional counseling” did Cooksey offer? Responding to someone concerned about a diabetic friend, Cooksey wrote, “Your friend must first and foremost obtain and maintain normal blood sugars.” The NCBDN informed him that this kind of “assessing and advising requires a license.” It was OK for him to list the foods he ate, but if he recommended them to others, the NCBDN declared, he was “providing diabetic counseling which requires a license.”

This isn’t an isolated incident, according to WorldNetDaily. In fact, the FDA has gone much further and wants to go further still:

The actions against Cooksey are part of a growing trend by government officials to crack down on any groups or persons that offer alternatives to traditional medical treatment.

In 2010, the FDA raided the offices of Daniel Chapter One, a Christian ministry that promotes a diet based on the bible chapter that is its namesake after a federal judge refused to allow the FTC to level a massive fine against the company.

“They came in screaming and hollering, ‘This is a raid, hands up.’ I saw a gun in my face,” said Jim Feijo, founder of the company.

“They patted Jim down and removed him from the office. They didn’t show me a warrant. They came in very aggressively, that was needless,” said Tricia Feijo, Jim’s wife and partner and a trained homeopath.

Under Obamacare, the FDA has determined that a person’s own body is considered a drug and subject to regulation.

The Centeno-Schultz clinic in Denver pioneered Regenexx, a treatment in which a patient’s stem cells are removed, cultivated for two weeks in a lab then re-injected back into the body. The procedure is used to treat patients with knee injuries, partial rotator cuff tears in the shoulder and lower back disc bulges.

In 2008, the FDA informed Dr. Christopher Centeno that it considered the stem cells to be a drug and subsequently stopped the clinic from cultivating patients’ stem cells.

The FDA has even suggested that bottled water when used to treat dehydration should be regulated as a drug. Under the organization’s “Complementary and Alternative Medicine Products and Their Regulation by the Food and Drug Administration,” the agency said it should have the authority to regulate all vitamins, supplements, herbs and other natural substances, including water when used to “treat” dehydration.

Want to do something about outrageous nonsense like this? Life Extension Foundation’s Legislative Action Center is a good place to start.

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